Holzindustrie invests 45m euros in green energy

Austria-based Holzindustrie Schweighofer intends to invest almost 45 million euros in three biomass power stations. Gerald Schweighofer, the company’s owner, says this spring Holzindustrie Schweighofer will inaugurate its first co-generation thermal power station in Radauti, with a generation capacity of 4.9 MW/hour and in another two months, a similar power station will be opened in Sebes, which will have a lower capacity, of just 2.4MW/hour. The location of the third power plant is yet to be decided on, with several options being considered. The plant could be built as a replacement of a coal power plant on the outskirts of a town, or nearby the other two power generation facilities, in Sebes and Radauti. The Austrian company will conduct its investments in biomass energy generation via Gerfor, a subsidiary of the group, and expects a turnover of 8-10 million euros for this year.